Home » Hes Worth $70 Billion And Youve Never Heard His Name: The Story Of Zara Founder Amancio Ortega by Simon Droll
Hes Worth $70 Billion And Youve Never Heard His Name: The Story Of Zara Founder Amancio Ortega Simon Droll

Hes Worth $70 Billion And Youve Never Heard His Name: The Story Of Zara Founder Amancio Ortega

Simon Droll

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13 pages
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 About the Book 

Amancio Ortega born 28 March 1936 is a Spanish fashion Businessman and founding chairman of the Inditex fashion group, best known for its chain of Zara clothing and accessories retail shops. In June 2015, he was ranked as the second richest person inMoreAmancio Ortega born 28 March 1936 is a Spanish fashion Businessman and founding chairman of the Inditex fashion group, best known for its chain of Zara clothing and accessories retail shops. In June 2015, he was ranked as the second richest person in the world by Forbes with a net worth of USD $68.1 billion. The Bloomberg Billionaires Index on June 2015 listed Amancio Ortega as the worlds second richest person with reported combined assets of USD $72 billion. He resides with his second wife in an apartment building in Galicia, Spain.Ortega keeps a very low profile and, until 1999, no photograph of Ortega had ever been published. He goes to the same coffee shop every day and eats lunch with his employees in the companys cafeteria. He refuses to wear a tie and typically wears a simple uniform of a blue blazer, white shirt, and gray pants, none of which are Zara products. He is also said to take a very active part in the production and design process in the company.The youngest of four children, Ortega was born in Busdongo de Arbás, León, Spain, and spent his childhood in León. He moved to La Coruña at the age of 14, due to the job of his father, a railway worker. Barely in his teens, Ortega found a job as a shop hand for a local shirtmaker called Gala, which still sits on the same corner in downtown A Coruña. In 1972, he founded Confecciones Goa (his initials in reverse), selling quilted bathrobes which Ortega produced using thousands of local women organised into sewing cooperatives. In 1975, he opened his first Zara store, so called because his preferred name Zorba was already taken. He opened many big Zara Stores during the eighties throughout Galicia.Amancio Ortega BiographyZara FounderZara clothesAmancio Ortega bio